What's changed at Florida Farm Bureau

Every update we've tracked for Florida Farm Bureau, newest first. Each one links to the full note.

  1. AM Best affirms B++ and moves outlook to stable

    AM Best affirmed the group's B++ (Good) Financial Strength Rating. It moved the issuer credit outlook from negative to stable. It cited a 2024 underwriting profit over $20 million and surplus growth over 35%.

  2. AM Best takes the group off review after Idalia losses

    AM Best removed the group from under review with negative implications, set November 17, 2023 after Hurricane Idalia losses. It affirmed B++ with a stable FSR outlook. It cited added reinsurance and higher rates.

  3. Stops new home policies, non renews about 7,500

    Florida Farm Bureau Casualty had seven straight quarters of net losses. Then it stopped issuing new homeowners policies in Florida. It also began to non renew about 7,500 residential property policies. This was in 2022.

  4. Opens for business in Florida

    Florida Farm Bureau Casualty Insurance Company was formed April 16, 1974. It began to sell insurance in Florida on June 1, 1974. Its subsidiary Florida Farm Bureau General came next, on February 16, 1993.

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